Universal Electronics (UEIC) to Release Quarterly Earnings on Thursday

Universal Electronics (NASDAQ:UEIC) is scheduled to be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Universal Electronics to post earnings of ($0.24) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings results on Thursday, February 15th. The technology company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.28). Universal Electronics had a negative return on equity of 25.49% and a negative net margin of 23.36%. The business had revenue of $97.59 million for the quarter, compared to the consensus estimate of $97.52 million. On average, analysts expect Universal Electronics to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Universal Electronics Trading Up 2.3 %

UEIC stock opened at $10.47 on Tuesday. Universal Electronics has a 1-year low of $7.02 and a 1-year high of $11.84. The business’s 50 day moving average is $9.53 and its 200-day moving average is $8.81. The firm has a market cap of $135.80 million, a P/E ratio of -1.37 and a beta of 1.14.

Analysts Set New Price Targets

A number of brokerages have weighed in on UEIC. B. Riley upped their price target on Universal Electronics from $9.00 to $10.50 and gave the company a “neutral” rating in a research report on Friday, February 16th. StockNews.com raised shares of Universal Electronics from a “hold” rating to a “buy” rating in a report on Friday, March 15th.

Universal Electronics Company Profile

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.